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Senior Compensation Analyst

Natick, United States

MathWorks has a hybrid work model that enables staff members to split their time between office and home. The hybrid model provides the advantage of having both in-person time with colleagues and flexible at-home life optimizations. Learn More: https://www.mathworks.com/company/jobs/resources/applying-and-interviewing.html#onboarding.

The Senior Compensation Analyst plays a key role in driving the effectiveness of our global compensation programs. This role offers hands-on ownership of core processes along with opportunities to expand skills in analytics, Workday, and broader compensation practices, while contributing to impactful initiatives in a dynamic environment.

MathWorks nurtures growth, appreciates diversity, encourages initiative, values teamwork, shares success, and rewards excellence.

Serve as the primary compensation partner to HR business partners and business leaders for assigned departments.
Lead compensation-related activities in Workday—including annual salary reviews, bonus programs, salary changes, promotions, and transfers—while consulting with the HRIS team to ensure alignment and system integrity.
Oversee the release of compensation statements (salary increases, bonuses, promotions, etc.) and respond to related staff inquiries with clarity and accuracy.
Review, validate, and submit annual compensation surveys to ensure accurate and timely market benchmarking.
Conduct job evaluations and manage job profiles, including assessment, creation, and compensation structure assignments.
Perform compensation analyses and audits to ensure competitiveness, internal equity, and compliance with regulations.
Contribute to strategic initiatives and projects that enhance compensation effectiveness, such as pay equity, market benchmarking, and program design improvements.
Maintain ownership of compensation process documentation, ensuring accuracy and completeness.
Provide reports and insights using Excel and Workday tools to support decision-making.
Partner with senior team members to gain exposure and contribute to evolving compensation practices.

Strong analytical skills with advanced Excel proficiency (pivot tables, complex formulas, data validation).
Hands-on experience with Workday Compensation modules, including configuration and testing.
Knowledge of job evaluation, market benchmarking, survey participation, pay equity practices, and compensation regulations.
Strong written and verbal communication skills; ability to document and explain processes clearly.
Project management ability with a process improvement mindset; takes initiative and drives efficiencies.
Intellectual curiosity and adaptability; able to manage multiple priorities and contribute to evolving compensation practices.
Global compensation experience, preferably in a technology company.

A bachelor's degree and 6 years of professional work experience (or a master's degree and 3 years of professional work experience, or equivalent experience) is required.

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